Balancesheet Mandatory for Diagnostic Centre Yes, Balancesheet Mandatory for Diagnostic Centre in India to draft a balance sheet. According to the Companies Act of 2013, every company, including diagnostic centers, is obligated to prepare a balance sheet as one of the fundamental financial statements. The balance sheet provides a snapshot of a company’s assets,… Read More »
Financial Statements of Fuel Dealers The nature and extent of disclosures required in the financial statements of fuel dealers are contingent upon the dealer’s individual circumstances. However, some of the key disclosures that should be included include: 1. Significant accounting policies: This includes a description of the accounting policies used by the dealer, such… Read More »
f Financial statements Financial statements, these are typically prepared at regular intervals, usually at the end of an accounting period. The most common accounting periods are: 1. Monthly: Some businesses, especially smaller ones or those with more frequent financial reporting needs, prepare financial statement on a monthly basis. This allows for more frequent monitoring… Read More »
